Mergers & Acquisition

Mergers & Acquisition

Stratex Networks Stockholders Approve Combination and Merger With Microwave Communications Division of Harris Corporation

January 31, 2007

SAN JOSE, Calif., Jan. 25: Stratex Networks (NASDAQ:STXN), announced that at today's special stockholders meeting, the stockholders of Stratex Networks, Inc. approved the combination with Harris Corporation's Microwave Communications Division and the other transactions contemplated by the Formation, Contribution... Read More

Mergers & Acquisition

Kennametal to Acquire Remaining Ownership Interest in Spanish Affiliate

January 31, 2007

LATROBE, Pa., Jan. 29 -- Kennametal Inc. (NYSE:KMT) announced today that it has entered into a definitive agreement to acquire the remaining ownership interest in its Spanish affiliate, KENCI, S.A. Closing is planned for early April 2007 and remains subject to customary regulatory approvals and negotiated... Read More

Mergers & Acquisition

MDS Offers to Acquire Molecular Devices for US$615 Million in Major Expansion of MDS Sciex Business

January 31, 2007

New MDS business unit offers broader array of customer solutions by combining leadership positions in Mass Spectrometry and Cellular Analysis Outstanding potential to exploit combined R&D expertise, a strengthened distribution channel and global manufacturing footprint Transaction expected to bring US$190 million... Read More

Mergers & Acquisition

Cooper Industries Announces the Acquisition of Cybectec Inc.

January 31, 2007

New Products Offer Utilities Enterprise-Wide Access to Power System Data with Maximum Return on Investment HOUSTON, January 29, 2007 -- Cooper Industries, Ltd. (NYSE: CBE) today announced the acquisition of Cybectec, Inc., a privately held worldwide provider of products and software systems designed to assist... Read More

Mergers & Acquisition

Harris Corporation's Microwave Communications Division and Stratex Networks, Inc. Complete Merger Creating a New Company - Harris Stratex Networks, Inc.

January 31, 2007

Combination Creates Largest Independent Global Provider of Wireless Transmission Network Solutions MELBOURNE, Fla. and SAN JOSE, Calif., Jan. 26 -- Harris Corporation (NYSE:HRS) and Stratex Networks, Inc. (NASDAQ:STXN) today announced the completion of the transaction that has created a new company -- Harris... Read More

Mergers & Acquisition

Audiovox Closes Acquisition of Thomson Americas Consumer Electronics Accessory Business

January 31, 2007

HAUPPAUGE, N.Y., Jan. 29 -- Audiovox Corporation (NASDAQ:VOXX), announced today that it has completed its acquisition of Thomson's Americas consumer electronics accessory business for a total purchase price of approximately $59 million, which includes the working capital adjustment. As announced on December 21... Read More

Mergers & Acquisition

Xantrex to Acquire Elgar and Enhance its Position as a World Leader in Advanced Power Electronics

January 31, 2007

VANCOUVER, Jan. 29: Xantrex Technology Inc. (TSX:XTX) announced today a strategic expansion of its programmable power business. Xantrex has entered into a definitive agreement to acquire Elgar Electronics Corporation for US$108 million in cash. Elgar, headquartered in San Diego, California, is a leading provider of... Read More

Mergers & Acquisition

Aon Acquires Footman James

January 31, 2007

CHICAGO, Jan. 29 -- Aon Corporation (NYSE:AOC) today announced that it has completed the acquisition of Footman James from Alchemy Partners (Guernsey) Limited. The terms of the transaction are not disclosed. Aon provides tailor made cover for specialist personal risks including prestige sports and classic cars... Read More

Mergers & Acquisition

Abitibi-Consolidated Creates Venture in Energy Generation - Hydro Assets in Ontario to be Regrouped into ACH Limited Partnership

January 31, 2007

MONTREAL, Jan. 26 -- Abitibi-Consolidated announced today that it has entered into a binding letter of intent with the Caisse de depot et placement du Quebec to create a joint-venture for the Company's Ontario hydroelectric generation facilities. The Company will retain a 75% interest in the joint-venture, called... Read More

Mergers & Acquisition

MRV Announces Definitive Agreement to Acquire Fiberxon

January 30, 2007

MRV to Combine Fiberxon With Luminent With the Goal of Creating One of the Largest, Most Comprehensive Manufacturers of Optical Transceivers for Telecommunication Networks CHATSWORTH, Calif., Jan. 26 -- MRV COMMUNICATIONS, INC. (NASDAQ:MRVC) announced today that it has entered into a definitive agreement to... Read More

Mergers & Acquisition

Northrop Grumman Completes Acquisition of Essex Corporation

January 30, 2007

LOS ANGELES, Jan. 25 -- Northrop Grumman Corporation (NYSE:NOC) announced today that it has completed the acquisition of Essex Corporation, having acquired 100 percent of the shares of Essex common stock for $24 per share. The cash transaction is valued at approximately $580 million, which includes the assumption... Read More

Mergers & Acquisition

Cardinal Health to Sell Pharmaceutical Technologies and Services Segment to the Blackstone Group for $3.3 Billion

January 30, 2007

Leading contract-manufacturing, development and packaging business for the pharmaceutical and biotechnology industries to broaden Blackstone's health- care presence DUBLIN, Ohio, Jan. 25 -- Cardinal Health, the leading provider of products and services supporting the health-care industry, today announced it has... Read More

Mergers & Acquisition

RR Donnelley Completes Purchase of Perry-Judd's Holdings, Inc.

January 30, 2007

CHICAGO, Jan. 25: R.R. Donnelley & Sons Company (NYSE:RRD) today announced that it has completed its previously announced purchase of Wisconsin-based Perry-Judd's Holdings, Inc., a privately-owned printer of magazines and catalogs. The $176 million acquisition was announced on December 20, 2006. In connection... Read More

Mergers & Acquisition

Zebra Technologies Completes Acquisition of WhereNet Corp.

January 30, 2007

VERNON HILLS, Ill., Jan. 26 -- Zebra Technologies Corporation (NASDAQ:ZBRA) today announced that it has completed the acquisition of WhereNet Corp., a leading global provider of active radio frequency identification (RFID) based wireless solutions to track and manage enterprise assets. As previously announced on... Read More

Mergers & Acquisition

Du-Co Ceramics Company Acquires Assets Of Saxonburg Ceramics, Inc.

January 30, 2007

Du-Co Ceramics Company and Saxonburg Ceramics, both headquartered in Saxonburg, Pennsylvania, recently announced that Du-Co Ceramics is acquiring certain assets of the 83 year old Saxonburg Ceramics who will be closing it's Saxonburg manufacturing facility. Du-Co Ceramics Company, an ISO 9001:2000 certified... Read More

Mergers & Acquisition

Schenck Process Announces the Acquisition of Stock Equipment Company

January 30, 2007

WHITEWATER, WI - Schenck Process announces the acquisition of Stock Equipment Company. The acquisition further strengthens the position of Schenck Process as the leading global supplier of weighing, feeding, screening, and automation solutions throughout the process industries. Stock, together with its Redler and... Read More

Mergers & Acquisition

Clean Harbors Completes Acquisition of Ensco Caribe, Inc. in Puerto Rico, and Forms Clean Harbors Caribe, Inc.

January 30, 2007

Norwell, MA - January 22, 2007 - Clean Harbors, the leading provider of environmental and hazardous waste management services throughout North America, today announced that it has completed the acquisition of Ensco Caribe, Inc., an environmental services and emergency response company based in San Juan, Puerto... Read More

Mergers & Acquisition

Trimble and @Road Announce Expiration of HSR Waiting Period

January 29, 2007

SUNNYVALE, Calif., Jan. 23 /- Trimble (NASDAQ:TRMB) and @Road, Inc. (NASDAQ:ARDI) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), in connection with Trimble's pending acquisition of @Road expired at 11:59 p.m. Eastern Time on January 22... Read More

Mergers & Acquisition

Agreement to Sell KMI to Investor Group Receives Antitrust Clearance

January 29, 2007

HOUSTON, Jan. 25 -- Kinder Morgan, Inc. (NYSE:KMI) today announced it has received Hart-Scott-Rodino Antitrust Improvements Act clearance for the proposed acquisition of KMI by investors including Chairman and CEO Richard D. Kinder, other senior members of KMI management, co-founder Bill Morgan, current board... Read More

Mergers & Acquisition

Agilysys Completes Acquisition of Visual One Systems

January 29, 2007

BOCA RATON, Fla., Jan. 25 -- Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative information technology (IT) solutions, today said it has completed the previously announced acquisition of Visual One Systems, Corp., a privately held company with U.S. headquarters in Frederick, Md., and Europe headquarters... Read More